Skip to main content

About your Search

20121001
20121009
STATION
SFGTV2 3
LANGUAGE
Search Results 0 to 2 of about 3
not a religious person. but i think we should all take a moment and say a prayer of thanks for the environment we live in. for all of us who touch bay area real estate, it's really incredible how quickly things have changed. if you go back two, two and a half years and think about what the environment was in the middle of 2010, we were in a terrible environment. values were down significantly. we couldn't lease space it save ourselves and we felt it would be a long, long slug to come out of the hole we were in. here we are, barely two years later, in one of the strongest office markets in the country. the growth for is overwhelming a shrinking of real estate needs and we're not seeing that kind of growth in new york or washington. it's very select markets that we're seeing the kind of growth that you are seeing in san francisco. so we all should be grateful that we work in this very unique and interesting environment. i am also grateful to jerry and rob speyer for driving this company that can take on and capitalize projects. there are few companies able to do this. i feel very lucky to be part
this opportunity to kind of examine what is going on in our real estate environment, and in particular, to thank the san francisco business times for putting on this event. and i think for most of us in this room, we rely very heavily on the san francisco business times to keep track of what is going on in san francisco, and the greater bay area, in the real estate world. and it is the best source of that information for all of us. mary asked me if i would make a few observations about the general state of the real estate economy here in san francisco and as i do that, i always have to think about what to say that mary hasn't already said about it. and if you look at the real estate economy generally in our nation, and the fact that it is still soft. that we still need more jobs. that there is a recovery, but it's a slow recovery. you can't do that without thinking gee, will i sound like a politician for one or the other major political parties? and so i will steer clear of that and focus instead on san francisco and maybe we're living in a bubble, but it's a pretty wonderful bubble to be living
-tech companies, the creative workforces, who now want to live and work in urban environments, interact with their environments instead of work in suburban campuses that are fairly sterile and isolated. and that phenomenon has been going on to some time, but what really brought home some of the changes to me was a talk i heard earlier this week by alexa arena talking about the 5m project at 6th and mission, the conversion of the chronicle building and plant surrounding areas. and she talked about the design process as being one of going out to constituencies, potential constituencies, focus groups, listening to people, trying to find out what they were looking for in collaborative, interactive work environments. and bringing the city into those work environments, and the connection and the need for amenities like cultural amenities and the arts and food and all of those kinds of things. and so instead of it being design professionals and people in the real estate industry sort of imposing on the world what they think the world wants, it is sort of coming the other direction. if that is,
Search Results 0 to 2 of about 3